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Financial Information > Financial statements


31 Dec 2012

 

 

       

Jan - Dec 12

 

Ordinary Income/Expense

 
   

Income

 
     

2008 Regular Assessment

175.00

     

2009 Regular Assessment

175.00

     

2010 Regular Assessment

350.00

     

2011 Regular Assessment

271.00

     

2012 Regular Assessment

32,582.50

     

2006 Special Assessment

120.00

   

Total Income

33,673.50

   

Expense

 
     

Administrative

730.53

     

Annual Meeting

52.15

     

Chemicals

15.20

     

Fees, License and Taxes

61.25

     

Ground Maintenance

8,531.89

     

Insurance

2,229.94

     

Legal Fees

 
       

Collected Legal Fees

-16,142.19

       

Legal Fees - Other

3,449.64

     

Total Legal Fees

-12,692.55

     

Postage and Meter Rental

754.71

     

Repairs & Maintenance

2,414.40

     

Sprinkler Maintenance & Repair

265.00

     

Storage Unit

1,110.88

     

Utilities

296.82

   

Total Expense

3,770.22

 

Net Ordinary Income

29,903.28

 

Other Income/Expense

 
   

Other Income

 
     

Estoppel

650.00

     

Interest Income

230.35

     

Other Miscellaneous Income

194.00

   

Total Other Income

1,074.35

 

Net Other Income

1,074.35

Net Income

 

30,977.63

           
           

 

 

 

   

12/31/2012

Accrual

 

Cash

     

ASSETS

             
 

Current Assets

           
   

Checking/Savings

           
     

Chase Operating Account

26,795.17

 

26,795.17

     
     

Chase Reserve Account

15,286.88

 

15,286.88

     
   

Total Checking/Savings

42,082.05

 

42,082.05

     
   

Accounts Receivable

           
     

Due from members

6,176.90

 

-4.00

     
     

Advance payments

-6,090.00

 

-6,090.00

     
     

Advance discounts

-220.00

 

0.00

     
   

Total Accounts Receivable

-133.10

 

-6,094.00

     
 

Total Current Assets

41,948.95

 

35,988.05

     
 

Fixed Assets

           
   

Accumulated Depreciation

-16,233.78

 

-16,233.78

     
   

Entrance Fencing

11,800.00

 

11,800.00

     
   

Entrance Lighting

2,075.00

 

2,075.00

     
   

Entrance Signage

2,300.00

 

2,300.00

     
   

Golf Cart

2,133.78

 

2,133.78

     
 

Total Fixed Assets

2,075.00

 

2,075.00

     
 

Other Assets

           
   

Deposits

50.00

 

50.00

     
 

Total Other Assets

50.00

 

50.00

     

TOTAL ASSETS

44,073.95

 

38,113.05

     

LIABILITIES & EQUITY

           
 

Equity

             
   

Opening Bal Equity

2,174.76

 

2,174.76

     
   

Retained Earnings

24,451.11

 

4,960.66

     
   

Net Income

17,448.08

 

30,977.63

     
 

Total Equity

44,073.95

 

38,113.05

     

TOTAL LIABILITIES & EQUITY

44,073.95

 

38,113.05

     
                   
           

6176.9

Actual due from members

           

-220

Discounts applied

 
           

4

Member overpayment

 

Revised 9/17/2019 DG